Date: 4th August, 2026

Quarterly Financial Results Summary

Standalone Performance (Q1 FY27 vs Q1 FY26)

| Particulars (₹ crores) | Q1FY26 | Q1FY27 | Growth |

| Net Sales | 3,467 | 4,237 | 22.2% |

| Earnings before Interest, Tax & Depreciation | 888 | 1,121 | 26.2% |

| EBITDA % | 25.6% | 26.4% | |

| Profit After Tax | 650 | 830 | 27.7% |

Consolidated Performance (Q1 FY27 vs Q1 FY26)

| Particulars (₹ crores) | Q1FY26 | Q1FY27 | Growth |

| Net Sales | 3,742 | 4,541 | 21.3% |

| Earnings before Interest, Tax & Depreciation | 941 | 1,194 | 26.9% |

| EBITDA % | 25.1% | 26.3% | |

| Profit After Tax | 678 | 884 | |

Key Performance Metrics

Revenue Growth Drivers:

  • Net Sales for the quarter at ₹4,237 Cr grew by 22.2% with Underlying Volume Growth (UVG) of 11.3%
  • Price increases were taken across all categories to offset the increase in input costs
  • Revenue includes other operating income

Margin Analysis:

  • Gross Margin at 52.5% contracted by ~90 bps over Q1 FY26 (53.4%) due to inflationary impact of West Asia crisis
  • EBITDA Margin at 26.4% improved by ~80 bps over Q1 FY26 (25.6%)
  • Consolidated Gross Margin at 53.3% contracted by ~70 bps over Q1 FY26 (54%)
  • Consolidated EBITDA Margin at 26.3% improved by ~120 bps over Q1 FY26 (25.1%)

Business Segment Performance (Standalone Basis)

Consumer and Bazaar (C&B) Segment

| Particulars (₹ crores) | Q1FY26 | Q1FY27 | Growth |

| Revenue# from operations* | 2,824 | 3,458 | 22.5% |

| Profit before Interest & Tax^ | 904 | 1,127 | 24.7% |

| PBIT % | 32.0% | 32.6% | |

  • C&B segment revenue grew by 22.5% with UVG at 12.2%

Business to Business (B2B) Segment

| Particulars (₹ crores) | Q1FY26 | Q1FY27 | Growth |

| Revenue# from operations* | 708 | 821 | 16.0% |

| Profit before Interest & Tax^ | 131 | 170 | 29.2% |

| PBIT % | 18.5% | 20.7% | |

  • B2B segment revenue grew by 16.0% with UVG at 7.3%

Management Commentary

Mr. Sudhanshu Vats, Managing Director, commented:

  • Commenced FY27 on a strong footing with broad-based growth across both Consumer & Bazaar and Business-to-Business segments
  • Domestic demand continues to be resilient, supported by healthy performance in urban and rurban markets
  • Investments in brand building and business development during the quarter underscore commitment to strengthen brands and expand market presence
  • Disciplined execution has enabled effective volatility management, balancing investments in brand building, innovation, people and supply chain capabilities with prudent cost management
  • Monitoring external factors including raw material inflation, freight costs, and global supply chain disruptions
  • Confident that proactive measures will mitigate risks while sustaining growth momentum

Additional Information

  • Earnings Conference Call scheduled for Wednesday, 05 August 2026 at 4:00 pm
  • Conference call primary numbers: +91 22 6280 1107 / +91 22 7115 8008
  • Investor Relations Contact: investor.relations@pidilite.co.in
  • Media Contact: corpcomm@pidilite.co.in

*Revenue includes other operating income

^PBIT is Profit Before Interest, Tax, Exceptional Items and unallocable expenses